One of Janet Yellen’s first challenges as Federal Reserve chairman is generating enough inflation to meet the central bank’s target of 2 percent.
As Ben S. Bernanke considers whether to worry about inflation before adding to his record monetary stimulus today, he has the bond market on his side.
Household wealth in the U.S. increased from July through September as improvement in the home and equity markets boosted American balance sheets.
Orders for long-lasting equipment unexpectedly slumped in December by the most in five months, indicating companies are less sure than households that the U.S. economy is strengthening,
So much for the inflation warnings.
"She's had an excellent track record as chair in a very demanding time."
- Dana Saporta on Jan 11, 2015